Baywa before the sale: debt crisis forces drastic measures!

Baywa before the sale: debt crisis forces drastic measures!

Vienna, Österreich - Baywa AG faces massive restructuring after the company cannot cope with its debt burden of over five billion euros. As vienna.at , the creditors are ready to wait until the end of April comes into effect, but urges time. In order to overcome the liquidity crisis, Baywa plans to sell its international participations to generate up to four billion euros, which should contribute to reducing debt.

In a first step, Baywa will sell its 47.5 percent participation in the RWA Raiffeisen Ware Austria to the RWA cooperative for 176 million euros by the end of March 2024. In addition, other sales campaigns for parts of the company, such as the Dutch grain and soy dealer Cefetra and the New Zealand Obster producer T&G Global, are also being planned. According to Deutsche-wirtschafts-nachrichten.de , a reduction of 40 percent of the administrative offices is also made when reducing 26 of 400 locations flows.

This renovation plan has become urgently necessary, according to BayWa, since the company had to accept a loss of 640 million euros last year. Despite the negative development, stock prices rose briefly, but the well -known debts then pushed the courses back down again. The entire situation requires a comprehensive realignment of the company in order to remain competitive in the long term.